Altura, a blockchain-based yield platform, has completed a $4 million financing round with Ascension as the lead investor.

BlockBeats News, December 1st, according to Decrypt, on-chain yield platform Altura has completed a $4 million funding round. The round was led by Ascension, with participation from European private equity leader Moonfare, InnoFinCon, and others.

Altura operates a single on-chain vault using a market-neutral strategy to generate stable yield. Users deposit stablecoins, and the vault generates protocol revenue through strategies such as capturing exchange spread, earning funding fees by hedging positions, and rotating collateral into safe yield-bearing assets.